For most Americans, housing costs are their biggest monthly expense. So if you're thinking about relocating, it makes sense to factor the cost of rent heavily into your decision about where to move.

But in some cities, other cost-of-living expenses — such as utilities, transportation, food, etc. — will outweigh your rent costs. If that's the case, you might save more money if you pick a city with a slightly higher rent, but a much lower overall cost of living.

11. Henderson, Nev.

Median rent: $1,424

Average cost of living: 100.4

Nevada's second-largest city, Henderson, has the lowest cost of living on our list — along with its larger neighbor to the north, Las Vegas.

Low utility costs help keep the overall cost of living in Henderson on par with the national average. However, the median rent here is just barely below the national median of $1,441. Still, you're likely better off renting here because Nevada is one of a few states where it's more expensive to own a home than to rent.

9. Cleveland

Median rent: $846

Average cost of living: 103.3

Cleveland is one of the cheapest places to rent in the U.S. if you want to live in a large city. The median rent in this city on the shore of Lake Erie is nearly $600 cheaper than the national median. Although you'll save money on housing costs, you'll pay more for other living expenses in Cleveland — especially groceries and health.

8. Milwaukee

Milwaukee has the second-lowest median rent among the cities on our list. If you live here, you'll need those savings to help cover the high cost of health and utilities.

Healthcare costs are 13 percent more expensive than the national average. And utility costs are 11 percent higher. However, grocery and transportation costs are actually lower than the national average.

5. Bakersfield, Calif.

The median rent in this city in California's Central Valley is $96 cheaper than the national median. However, the overall cost of living in Bakersfield is nearly 7 percent higher. Utilities are especially expensive — 12 percent higher than the national average.

4. Dallas

Median rent: $1,441

Average cost of living: 108.4

The third-largest city in Texas barely makes it onto our list because the median rent is the same as the national median. But that means rent still is cheaper here than in half of the large U.S. cities.

However, the overall cost of living in Dallas isn't cheap. Utilities and health are especially expensive — 20 percent and 17 percent higher, respectively, than the national average.

However, health, grocery, utility and transportation costs are higher here than the national average.

10/11

jmoor17 / Getty Images

2. Modesto, Calif.

Median rent: $1,400

Average cost of living: 111.4

Like Bakersfield and Fresno, Modesto is in California's Central Valley — where rent is cheaper than in the state's largest cities along the coast. But the cost of living in Modesto is more expensive than in its Central Valley neighbors and in the nation as a whole.

Groceries are particularly expensive — 14 percent higher than the national average.

1. Philadelphia

Median rent: $1,220

Average cost of living: 114.3

Philadelphia is one of the U.S. cities where the cost of living is rising quickly, according to another GOBankingRates study. Despite having a cost of living that's 14 percent higher than the national average, Philadelphia still has affordable housing. The median rent in Pennsylvania's largest city is $221 cheaper than the national median and the third lowest among cities on our list.

Methodology: GOBankingRates used U.S. Census Bureau data to identify the largest cities in the U.S. We used data from Zillow to find which cities had median rents lower than the national median. Using data from Sperling's Best Places, we then identified which of those cities had a cost of living higher than the national average.

Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all financial or credit offers available.